Matting Agents Market Growth, Top Manufacturer Analysis and Forecast to 2025

Posted on 2021-03-31 by researchinsights in Chemicals // 0 Comments

Felton, California , USA, Mar 31, 2021 — /EPR Network/ —

Global Matting Agents Market is anticipated to reach USD 1.05 billion by 2025. A matting agent implies an additive that helps to give matte finishing to the substrates. Matting agents are added to the paints, coatings, and inks that scatter the inward light eventually delivering a matte finish to the substrates.

The factors that propel the growth of the Matting Agent Market include rise in the disposable income, rapid urbanization, rising acceptance among consumers, growing coating industry, and environment-friendly features. On the other hand, there are factors that may hamper the growth of the market including higher film shrinkage time and emission of high VOC in solvent-based technology. The industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Matting Agents Product Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014 – 2025)

Organic
Waxes
Thermoplastics
Inorganic
Silica
Others

Matting Agents Formulation Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014 – 2025)

Waterborne
Solventborne
Powder
UV
Others

Matting Agents Application Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014 – 2025)

Industrial coatings
metals
papers
plastics
printing inks
Others
wood coatings
Leather coatings
Architectural coatings
Others

Some of the key players that fuel the growth of the Matting Agents Industry comprise BASF, W.R. Grace, Baltimore Innovations, PQ, PPG Industries, Axalta Coating Systems, Huntsman International, Evonik Industries, BYK, Shamrock Technologies, Royal DSM, Sure Crete Design Products, Shouguang Baote Chemical and Industrial and Others. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Asia-Pacific accounted for the major share of the Matting Agent Market Size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include increasing consumption of matting agents in architectural coatings, rising consciousness regarding matting agents, and surge in the income level. Asia-Pacific is likely to be followed by the European region.

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